Former PSM Acting Chairman & 4 Acquitted in 2008 Corruption Case
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Former PSM Acting Chairman & 4 Acquitted in 2008 Corruption Case

The News reported that Paistan’s Accountability Court IV Judge Mr Suresh Kumar has acquitted five people in an eight-year old case pertaining to PKR 38

The News reported that Paistan’s Accountability Court IV Judge Mr Suresh Kumar has acquitted five people in an eight-year old case pertaining to PKR 38 million corruptions. The accountability court exonerated 2008 acting PSM chairman Mr Sameen Asghar and four private contractors Mr Asghar Jamil Rizvi, Mr Mehmood, Mr Tariq Irshad and Mr Abbas Ali Amreliwala of charges of corruption in the purchase of steel. Mr Asghar was accused of evading markup on the sale of steel items to the contractors under the guise of an expired scheme, causing a loss of PKR 38 million to the PSM. The judge later observed that the prosecution failed to prove the charges. Pronouncing the verdict that had been reserved on a previous hearing, the judge observed that the prosecution could not bring on record any sufficient material to prove the offence on the accused. The defence had maintained that the purchase was actually made within the stipulated time.

According to the National Accountability Bureau, the contractors purchased steel items under a free credit scheme introduced by its management on October 20, 2008. The scheme waived off 1.25% markup on the sale. It said that although the scheme had ended on November 20, 2008, Mr Asghar still allowed the delivery of items on the same rate to the co-accused. The anti-graft watchdog had filed the reference against the accused in 2012, after the relevant inquiries were transferred to it from the Federal Investigation Agency. NAB had maintained that the collusion of the accused caused a loss to the national exchequer.

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